FedEx Corp. has permanently retired 22 Boeing 757-200 freighter aircraft as part of a downsizing campaign to better align the air fleet with slower parcel demand, the company announced Tuesday along with fourth-quarter earnings that exceeded analysts’ expectations.
The integrated logistics company said it took a $157 million impairment charge for permanently deactivating the 757 cargo jets along with seven engines. Last year’s fourth-quarter results included a $70 million write-off for the...
https://www.freightwaves.com/news/fedex-retires-one-fifth-of-boeing-757-freighter-fleet